What to look for when starting a MLM business?

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Yesterday I wrote an article about How Not to start a internet marketing business. A good friend of mine just wrote an article about what to look for if you want to start an MLM business. You can find that article here.

Here in the UK you have some sources you can look for information about companies. Companies in the UK need to be registered with Companies House. For some sort of companies there is an obligation to publish their annual reports, which are also deposited to Companies House to have a real good understanding how a company is performing. From Companies House or different sources (there are plenty to find on the internet) you can obtain reports about the company, directors and other stuff. These aren’t free but will give you a good indication with whom you are dealing.

A good company, even in MLM will gladly provide you with contact details of successful or, if they are really good, unsuccessful people in their MLM business.

A second thing you could do is ask the company directly. When they don’t return a call or don’t return an email than most likely their support is lacking and assistance in your MLM business is something really a doubt.

Another place where you can obtain information is the Inland Revenue or the Customs and Excise. These government bodies are likely not so keen on providing you the information requested and the information about Corporation taxes and VAT should be included in the report delivered at Companies House.

As a last resort you can obtain information about a company by looking at Court reports. If a company is failing to pay its bills then most likely they will have a CCJ against the company or the owners of the company.
If such a CCJ is paid at a time, a mark will be there that CCJ is satisfied. A CCJ is staying in records for about 6 years even if a CCJ is paid and marked satisfied.

Every company or even individuals are coming to a stage that they aren’t able to pay bills in time. Sometimes they forget to pay a bill. In other times other circumstances are there why they couldn’t pay a bill. Don’t pay that much attention on a company that only has one or two CCJ’s against them in their existence. Just look at if they are satisfied and in what period their bill was paid and the height of the amount.

Off course there will be other information available but I only looked at the point of finding information about a company.
In MLM marketing the members or distributors will certainly try to use any available channel to post their message and sell their product. If you search on the internet you certainly will find information regarding a company, a person or experiences from people with the company or product you are looking for.

Anyway if you would like to read the complete article on what to look for in an MLM business please go here

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